Facebook Inc. (FB) Receives $151.50 Average Target Price from Analysts
Shares of Facebook Inc. (NASDAQ:FB) have earned a consensus rating of “Buy” from the fifty-four analysts that are presently covering the firm. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, forty-five have given a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $151.50.
A number of research analysts have recently commented on FB shares. Jefferies Group reaffirmed a “buy” rating and set a $170.00 target price on shares of Facebook in a research note on Thursday, November 3rd. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $136.45 target price on the stock in a research note on Monday, September 12th. Axiom Securities upped their target price on Facebook from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Thursday, November 3rd. Citigroup Inc. upped their target price on Facebook from $148.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, September 19th. Finally, Macquarie reaffirmed an “outperform” rating and set a $155.00 target price on shares of Facebook in a research note on Monday, October 10th.
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Facebook (NASDAQ:FB) opened at 120.87 on Friday. Facebook has a 1-year low of $89.37 and a 1-year high of $133.50. The stock has a 50 day moving average price of $125.02 and a 200-day moving average price of $122.59. The stock has a market cap of $348.37 billion, a PE ratio of 46.60 and a beta of 0.76.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 2nd. The social networking company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.12. Facebook had a return on equity of 16.51% and a net margin of 30.32%. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.90 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 55.8% compared to the same quarter last year. On average, equities analysts expect that Facebook will post $4.09 EPS for the current year.
In other news, COO Sheryl Sandberg sold 327,000 shares of Facebook stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $129.52, for a total value of $42,353,040.00. Following the completion of the transaction, the chief operating officer now directly owns 4,590,248 shares of the company’s stock, valued at approximately $594,528,920.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jan Koum sold 1,566,668 shares of Facebook stock in a transaction dated Thursday, September 8th. The shares were sold at an average price of $129.70, for a total transaction of $203,196,839.60. The disclosure for this sale can be found here. Corporate insiders own 19.08% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Stelac Advisory Services LLC acquired a new position in Facebook during the first quarter valued at approximately $106,000. Farmers & Merchants Investments Inc. raised its position in Facebook by 11.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 901 shares of the social networking company’s stock valued at $116,000 after buying an additional 96 shares during the period. Jacobus Wealth Management Inc. acquired a new position in Facebook during the third quarter valued at approximately $121,000. Orinda Asset Management LLC purchased a new stake in shares of Facebook during the third quarter valued at $126,000. Finally, Bartlett & Co. LLC increased its stake in shares of Facebook by 8.9% in the second quarter. Bartlett & Co. LLC now owns 1,116 shares of the social networking company’s stock valued at $128,000 after buying an additional 91 shares in the last quarter. 56.19% of the stock is owned by institutional investors and hedge funds.
Facebook Company Profile
Facebook, Inc builds products that enable people to connect and share through mobile devices and personal computers. The Company enables people to share their opinions, ideas, photos and videos, and other activities. Its products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook is a mobile application and Website that enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.
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